Sentences with phrase «adoption of digital currencies»

Their aim is to encourage widespread adoption of digital currencies by providing a secure, easy to use the global platform.

Both speed and cost have been a major inhibitor to mass adoption of the digital currency as a payment method.

Masters says that the key reason for such a fast adoption of digital currencies is its decentralized way of operation without any intervention from the central banks.

Circle Internet Financial has launched with $ 9M of Series A funding to increase mainstream adoption of digital currencies like Bitcoin by providing a payment platform for consumers and merchants.

The Reserve Bank of Zimbabwe is not the only regulator opposing the mainstream adoption of digital currencies like Bitcoin.

Events happening in the country may quicken this mass adoption of the digital currency in India, as it is becoming considerably harder for people to rely on cash for their daily transactions.

Alan Tsen, Melbourne general manager of fintech hub Stone and Chalk Melbourne and board member of Fintech Australia, said the changes will be a huge opportunity for the broader adoption of digital currencies by merchants and consumers.

We also expect the increasing adoption of digital currency to put downward pressure on remittance payments shifting 20 % of revenue to Blockchain companies.

Fear, perhaps justified fear for many speculators with too much to lose, amplifies each new regulatory revelation, even when the news is good for the long term adoption of digital currencies.

The CBK's governor, Patrick Njoroge, has been on record issuing a warning in the use and adoption of the digital currency saying that bitcoins operations are done on decentralised systems that could make Kenyans an easy target for online fraudsters.

Coinify drives mainstream adoption of digital currencies such as Bitcoin for merchants and consumers.

By pursuing this goal, the company hopes to foster mass - market adoption of digital currencies like Bitcoin and Litecoin.

There was a time where, when Bitcoin was much closer aligned to being a digital currency, that adoption of the digital currency entailed POS systems being integrated into businesses and retailers.

«The changes will be a huge opportunity for the broader adoption of digital currencies by merchants and consumers because there will be less friction for people to accept and pay with it.

Second, mainstream adoption of digital currencies is largely dependant on how the general public perceives the industry.

Hirano acknowledged the growing awareness and adoption of digital currencies like Bitcoin in Japan, soon after its classification as a legal method of payment earlier this year.

The process of obtaining the necessary licences and regulatory approval to operate in the US and Europe has taken some two years, according to Allaire — who is very complimentary about the UK government's support for the adoption of digital currencies.

The birth of bitcoin dates back to the aftermath of 2008 financial crisis wherein the adoption of digital currencies was necessitated by the failure of traditional banking systems in order to protect the interests of investors and depositors.

This presents a massive growth market for awareness and adoption of digital currencies.

China has played a small role in its adoption of digital currencies, beginning with prohibiting withdrawals on exchange platforms, and finally regulating fraud around crypto - currencies.

Contacted by the Daily News regarding the threat brought about by the adoption of digital currencies to the regions resolve to have a single currency, Mr. Bernard Dadi, the Director of National Payment System at the Bank of Tanzania (BoT), confirmed that plans to have a single currency for the EAC block were still ongoing even though cryptocurrencies such as bitcoin pose a challenge.

Since the users are rewarded with ALX tokens, the mass audience will quickly know how to earn, save and spend their cryptocurrency, which in turn, will increase the mainstream adoption of digital currency.

This moves in marked contrast to how Japan has mishandled the adoption of digital currency and blockchain technology without proper input from industry leaders.

However, cryptocurrencies have been finding it a herculean task getting into mainstream finance, and the GNTB's adoption of digital currencies is a bold step indeed.

The next step to accelerating the world's adoption of digital currencies is to unlock the institutional money preparing to enter the space,» Armstrong wrote in his blog.

The Coinfirm platform is utilizable for many potential applications of Blockchain and lays a foundation for the adoption of digital currencies and Blockchain that ensures the transaction parties are compliant and operate in a safe environment.